by Chip Bubela
on Friday, May 8th, 2020 at 12:25pm.
Recovery will take longer than any of us prefer, but here’s some positive news.
Today I’m once again bringing you a market update from my backyard office; I finally have a giant coffee mug, so you could say I’ve made the best of my new workspace. Things have changed in so many ways since the spread of COVID-19 began, and what better way to illustrate that than by comparing February’s pre-pandemic market data to the numbers we just received for the start of May 2020?
We’ll take a look at absorption rates, active listings, and inventory levels to gauge our market’s standing throughout the South Central Texas area.
Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch it in its entirety, or use these timestamps to browse specific points at your leisure:
1:20 - La Grange: February 2020 versus the start of May 2020
2:00 - Schulenburg: February 2020 versus the start of May 2020
2:27 - Flatonia: February 2020 versus the start of May 2020
2:46 - Hallettsville: February 2020 versus the start of May 2020
3:11 - Columbus: February 2020 versus the start of May 2020
3:40 - Weimar: February 2020 versus the start of May 2020
4:07 - Interpreting the data and highlighting new trends
5:27 - Economic impact of COVID-19: How Texas compares to the rest of the nation
6:18 - Looking forward to our nation’s economic recovery: How quickly will we bounce back?
7:44 - Wrapping things up
If you have any questions about what was discussed in this message, or if you’re interested in buying or selling a home soon but aren’t sure how to proceed in these times, reach out to me. I’m always here to help.